The BSE Sensex and Nifty failed to sustain early gains and turned negative in afternoon trade after shares of non-banking financial companies (NBFCs) continued to slide. As of 2:10 pm, the Sensex was down over 100 points while the Nifty50 index was trading lower by over 30 points. Indiabulls Housing Finance was the top loser in Nifty down 12 per cent followed by Adani Ports and Yes Bank, which were down 5.31 per cent and 5.19 per cent respectively.

In the last three trading sessions including Tuesday, the Sensex has fallen nearly 1,100 points while the Nifty is down nearly 350 points.